The 8/16 Day Cycle top was due yesterday, but could easily top today revealing that we have yet another down blast to occur starting likely Thursday. Recently the 4 day cycle tops have been running three days and today marks day three. I have minimum projections down to SPX 1223 by Monday and then a strong rally should occur into the next cycle top due Mar 28.
The e-wave pattern is a 'b' wave bearish running correction and should end today near the 55 day MA at SPX 1299.
Bearish Running Correction
Started by
blustar
, Mar 16 2011 07:57 AM
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blustar
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blustar
